Record-Grade Silver-Gold Intercept Confirms Depth Potential at Key Yukon Target

1. Silver North Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Silver North Resources Ltd.
3. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company. 

For additional disclosures, please click here.

1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

Silver North Resources Ltd. (SNAG:TSX.V; TARSF:OTCQB) has announced the completion of its 2025 diamond drilling program at the Haldane Silver Property in Yukon's historic Keno Hill Silver District. The program focused on the Main Fault target within the Mount Haldane Vein System (MHVS), an under-explored area known for silver-lead-zinc-bearing quartz siderite veins resembling those mined at nearby producing operations.

The campaign included eight drill holes totaling 1,759.5 meters from four pads. These holes tested approximately 150 meters of strike along the Main Fault structure and extended to a maximum depth of 150 meters down dip. All sampling has been finalized and submitted, with results from the first three holes announced today, and an additional 5 hole results to follow soon.

"Our primary goal for the 2025 drill program was to test the strike and depth continuity of the Main Fault target," said Jason Weber, P.Geo., President and CEO of Silver North, in a company news release. "I'm very pleased that we have been able to achieve that goal with the program."

In addition to drilling, the company completed more than 15 square kilometers of LiDAR and photogrammetry surveys across the core MHVS area. These surveys are designed to enhance structural interpretation and topographic control for future drill targeting. The property, covering 8,579 hectares and accessible by road, is located 25 kilometers west of Keno City and adjacent to Hecla Mining's producing Keno Hill Silver Mine.

Analysts Point to Bull Market Action as Silver Surges 75% Year-to-Date

In an October 16 analysis, Shad Marquitz of Excelsior Prosperity noted that silver producers had seen substantial gains as silver prices jumped from above US$30 to more than US$50 per ounce. Marquitz described the trend as "bull market action," adding that "silver in the US$53's is well above its 50-day Exponential Moving Average." He highlighted that profit margins were expanding rapidly across the sector, explaining that "the price of silver moved higher much faster than their cost inputs," which contributed to improved valuations for mid-tier and growth-oriented producers.

Two days later, an article by Richard Mills for Ahead of the Herd explored the broader commodity cycle fueling silver's rise. Mills described the environment as a "commodity super-cycle" driven by underinvestment and geopolitical instability, asserting that "commodities are the last safe-haven standing in a world of low bond prices and high yields." He cited Bloomberg data showing a 12% year-to-date increase in the Bloomberg Commodity Total Return Index, led by metals like gold, silver, and copper.

According to the article, silver outperformed even these gains with a year-to-date increase of 75%, supported by both investment flows and industrial demand tied to solar energy and electric vehicles. Mills referenced The Silver Institute's projection of a fifth consecutive annual supply deficit and pointed to ongoing monetary demand, U.S. dollar tightening, and global de-dollarization trends as key factors behind silver's momentum. He emphasized that silver's role as both a precious metal and a clean energy material continues to drive interest from a broad investor base.

In a November 14 report from WRAL News, the ongoing surge in silver demand was attributed to its strategic role in clean energy technologies. The article highlighted that "silver, long revered as a precious metal and industrial workhorse, is now experiencing an unprecedented surge in demand," driven primarily by its essential use in solar panels and electric vehicles. With exceptional electrical conductivity and thermal properties, silver has become a critical input in photovoltaic cells and EV circuitry, accelerating both its industrial demand and price. WRAL noted that this dynamic has "propelled silver into a new era," pushing prices to record levels and fundamentally altering its market positioning.

The report also cited a dramatic rise in solar sector consumption, estimating that demand from photovoltaic applications could reach over 270 million ounces annually by 2030. Coupled with persistent supply constraints and a growing recognition of silver as a "green technology metal," the shift has drawn renewed investor attention. As WRAL concluded, silver is no longer viewed solely through a monetary lens but increasingly as a strategic commodity central to the global transition away from fossil fuels.

Silver North Gains Attention Amid Price Surge

In an October 18 article for Ahead of the Herd, Richard Mills identified Silver North as a junior mining company with "excellent leverage to rising commodity prices." He noted that the company had achieved three discoveries from just eight of the 16 holes drilled at its Haldane project, describing it as "a phenomenal success rate for an early-stage junior."

Mills also reported that Silver North had recently initiated a 10-hole, 2,500-meter drill program at the same property to further evaluate the downdip and strike extent of its 2024 Main Fault discovery. That discovery included three stacked, high-grade silver-bearing veins intersected within a structural zone, yielding 28.36 meters (true width) grading 130 grams per tonne silver, 0.09 grams per tonne gold, 0.55% lead, and 0.52% zinc.

In a November 17 alert, Michael Ballanger of GGM Advisory Inc. reaffirmed his strong outlook on Silver North Resources Ltd., calling it his "top junior silver pick for 2025 and beyond." Ballanger pointed to the latest results from the company's Haldane Silver Property in the Yukon's Keno Hill District as a key development, highlighting the significance of both the width and grade of the newly reported intercepts. In particular, hole HLD25-31 intersected 13.15 meters, averaging 818 grams per tonne silver, 1.39 grams per tonne gold, 2.54% lead, and 0.98% zinc, including a subinterval of 3.2 meters grading 2,014 grams per tonne silver and 1.72 grams per tonne gold. Ballanger wrote that "these results are like being in a time capsule transporting [me] back to the late 1970s," comparing the setup to the historic rise of United Keno Hill Mines. He added that the presence of elevated gold values alongside high-grade silver could act as a catalyst for a re-rating of the company's valuation.

Ballanger projected that Silver North could reach a market capitalization of CA$50 million based on the strength of the results and the five remaining holes yet to be released from the 2025 drill program. He emphasized the speculative interest the news could attract, stating, "speculative buying in anticipation should take the share price to a new 52-week high." Ballanger concluded his coverage with a "STRONG BUY" designation on SNAG/TARSF.

Mapping a Vein System in a Legacy District

Silver North's recent activity at the Haldane Silver Property follows a multi-year effort to delineate and expand vein-hosted silver mineralization across several targets. The Main Fault vein, first drilled in 2024, has shown promising high-grade results, including intercepts such as 5.81 meters grading 365 grams per tonne silver and 1.83 meters at 1,088 grams per tonne silver. These findings build on previous discoveries at the West Fault and Bighorn zones. 

The company has now completed 16 holes at Haldane, 75% of which encountered silver mineralization, and believes there is at least 12 kilometers of vein strike potential remaining. Survey data from the 2025 program will be used to refine models of the Main, West, Middlecoff, and Johnson vein targets, the latter of which was the site of small-scale high-grade silver production in the early 1900s.

Silver North is also active in the emerging carbonate replacement deposit (CRD) district surrounding Coeur Mining Inc.'s (CDE:NYSE) Silvertip project, with its Tim Property located 19 kilometers to the north. Coeur is earning an 80% interest in Tim through staged exploration expenditures and feasibility milestones, with recent drill results confirming the presence of a CRD-style mineral system.

Ownership and Share Structure¹

Management & Strategic Investors owns 14.6%, and the rest is retail.